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Global Wind Turbine Gearbox Market 2016-2020

Global Wind Turbine Gearbox Market 2016-2020

About Wind Turbine Gearbox

In a wind turbine, a gearbox is used to increase the rotor speed to an extent that it matches the generator speed. The gearbox connects the low-speed shafts with the high-speed shafts. The rotational speed of the generator shaft is far higher than that of the turbine blades. The gearbox in a wind turbine does not change gears; instead it maintains a single-gear ratio between the rotation of the rotor and the generator. The gear converts low speed to high speed and high torque to low torque. The high-speed rotation of the shaft produces electricity inside the generator.

Technavio’s analysts forecast the global wind turbine gearbox market to grow at a CAGR of 3% with respect to installation capacity during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global wind turbine gearbox market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of wind turbine gearbox.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • China High Speed Transmission
  • Gamesa Energy Transmission
  • Moventas
  • Winergy
  • ZF Friedrichshafen
Other prominent vendors
  • Brevini Power Transmission
  • Chongqing Gearbox
  • Eickhoff
  • ISHIBASHI Manufacturing
  • RENK
  • ZOLLERN
Market driver
  • Government support for wind energy projects
  • For a full, detailed list, view our report
Market challenge
  • R&D in direct-drive generators for wind turbines to impact gearing demand
  • For a full, detailed list, view our report
Market trend
  • Increased focus on R&D to improve gearbox reliability
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Wind Turbine Gearbox Market 2016-2020

Technavio recognizes the following companies as the key players in the global wind turbine gearbox market: China High Speed Transmission, Gamesa Energy Transmission, Moventas, Winergy, and ZF Friedrichshafen

Other Prominent Vendors in the market are: Brevini Power Transmission, Chongqing Gearbox, Eickhoff, ISHIBASHI Manufacturing, RENK, and ZOLLERN

Commenting on the report, an analyst from Technavio’s team said: “Wind turbine producers and manufacturers are paying a lot of attention to the proactive and preventive maintenance rather than reactive maintenance. Gearboxes are installed with probes, sensors, and filters to monitor the properties of gear oil, such as temperature, viscosity, contamination, and thickness. Condition monitoring plans are primarily functional for offshore turbines as the total cost of reactive maintenance is high when compared with preventive maintenance.”

According to the report, the gearbox, being a crucial component of a wind turbine, needs to have high reliability. This has not been the case in the past. Increased R&D in gearbox wind technology is mainly focused on solving the reliability issue. The major focus areas of R&D include improvement in gearbox design, quality control at every step of the manufacturing process, and improvement in quality testing procedures and standards. Increased focus on R&D is expected to boost the gearbox system reliability and increase its lifespan. This will boost overall market growth in the future.

Further, the report states that the replacement cost can vary in the range of $216,000 to $540,000 based on the turbine size and the wind farm's location. This causes an increase in the overall costs of the wind power plant, creating a big growth bottleneck for the industry. The other major problem arising out of gearbox failure is the rise in downtime by two or three times, which is significantly high when compared with any other wind turbine component failure. As the cost of the gearbox is relatively high, managing the finances required for replacing and maintaining the inventory of the gearbox is a challenging task for manufacturers. This problem is mainly noticeable among small-sized wind turbines used earlier.



Companies Mentioned

China High Speed Transmission, Gamesa Energy Transmission, Moventas, Winergy, ZF Friedrichshafen, Brevini Power Transmission, Chongqing Gearbox, Eickhoff, ISHIBASHI Manufacturing, RENK, ZOLLERN.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Cumulative global wind power installed capacity 2015-2020 (GW)
      • Table Annual installation growth rate by region 2015
    • Cost break-up of wind turbine components
      • Table Cost break-up of wind turbine components
    • Wind turbine components
      • Table Wind turbine components
    • Wind turbine technology value chain
      • Table Wind turbine value chain
  • Market landscape
    • Market overview
      • Table Global wind turbine gearbox market
    • Market size and forecast
      • Table Global wind turbine gearbox market by annual installation capacity 2015-2020 (GW)
      • Table Global wind turbine gearbox market by annual revenue 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Global wind turbine gearbox market by geography
    • Global wind turbine gearbox market by geography
      • Table Global wind turbine gearbox market by geography 2015 and 2020 (%)
    • Global wind turbine gearbox market by geography
      • Table Global wind turbine gearbox market by geography 2015-2020 (GW)
      • Table Global wind turbine gearbox market by geography 2015-2020 ($ billions)
      • Table Wind turbine gearbox market in APAC by annual installation capacity 2015-2020 (GW)
      • Table Wind turbine gearbox market in APAC by annual revenue 2015-2020 ($ billions)
      • Table Total installed capacity in China 2010-2015 (MW)
      • Table Total wind power installed capacity in India 2010-2015 (MW)
      • Table Wind power capacities of other prominent countries 2010-2015 in APAC (MW)
    • Wind turbine gearbox market in the Americas
      • Table Wind turbine gearbox market in the Americas by annual installation capacity 2015-2020 (GW)
      • Table Wind turbine gearbox market in the Americas by annual revenue 2015-2020 ($ billions)
      • Table Wind power capacity in the US 2010-2015 (MW)
    • Wind turbine gearbox market in EMEA
      • Table Wind turbine gearbox market in EMEA by annual installation capacity 2015-2020 (GW)
      • Table Wind turbine gearbox market in EMEA by annual revenue 2015-2020 ($ billions)
      • Table Wind power capacity in the Germany 2010-2015 (MW)
      • Table Wind power capacity in the UK 2010-2015 (MW)
  • Market segmentation by installation
    • Global wind turbine gearbox market by installation
      • Table Global wind turbine gearbox market by installations 2015 and 2020 (%)
    • Global wind turbine gearbox market by installation
      • Table Global wind turbine gearbox market by installation 2015-2020 (GW)
      • Table Global wind turbine gearbox market by installation 2015-2020 ($ billions)
    • Global wind turbine gearbox market by new installation capacity
      • Table Global wind turbine gearbox market by new installation capacity 2015-2020 (GW)
      • Table Global wind turbine gearbox market by new installation capacity 2015-2020 ($ billions)
    • Global wind turbine gearbox market by replacement demand
      • Table Global wind turbine gearbox market by replacement demand capacity 2015-2020 (GW)
      • Table Global wind turbine gearbox market by replacement demand revenue 2015-2020 ($ billions)
  • Market drivers
    • Increase in rotor diameter
      • Table Impact of rotor diameter, turbine size, and hub height on annual wind energy production
      • Table Evolution of wind turbine size 1980-2011
    • Rise in wind energy consumption
      • Table Global wind energy consumption trend 2009-2014 (TWh)
      • Table Country-wise wind power installation for 2015 (in MW)
    • Government support for wind energy projects
      • Table New wind installation targets by 2020
    • Decline in LCOE of wind power generation
      • Table Cost of producing electricity in the UK from different sources ($/kW)
      • Table Country-wise onshore wind power LCOE in 2015 ($/kWh)
    • Growth in offshore installations
      • Table Global cumulative offshore wind installation capacity 2010-2015 (MW)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High failure rate of wind turbine components
      • Table Component malfunction leading to wind turbine failure (%)
      • Table Gearbox failure due to component malfunction
    • Shorter lifetime of gearboxes compared with that of turbines
    • R&D in direct-drive generators for wind turbines to impact gearing demand
    • Competition from fossil fuels
      • Table Global electricity generation by source and wind power generation share in global electricity generation 2001-2013 (%)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Digitization in gearboxes
      • Table Advantages of the intelligent wind gearbox:
    • Increase in demand for clean power
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
      • Table New wind installation targets by 2020 (GW)
    • Increased focus on R&D to improve gearbox reliability
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • China High Speed Transmission
      • Table China High Speed Transmission: Geographical segmentation 2015
      • Table China High Speed Transmission: Key products
    • Gamesa Energy Transmission
      • Table Gamesa Energy Transmission: Business segmentation by revenue 2015
      • Table Gamesa Energy Transmission: Product portfolio
      • Table Gamesa Energy Transmission: Key highlights
    • Moventas
      • Table Moventas: Key solutions
      • Table Moventas: Product portfolio
    • Winergy
      • Table Winergy: Key solutions
      • Table Winergy: Key products
    • ZF Friedrichshafen
      • Table ZF Friedrichshafen: Key products of gearbox
      • Table ZF Friendrichshafen: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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